I Advice - Relationships

We have heard of many types of insurance policies. But what is a wedding insurance

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

and how can it help to make you feel more secure?

Your big day is a day of happi

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ness and both of you have waited eagerly for this day. You certainly do not want t

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

get any mishaps along the way to dampen the mood. But if there are unforeseen con

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

tingencies, how well are you shielded from them?

If you are opting for a destinat

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

on wedding at a beach, you might be wary of what could be sudden adverse weather c

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

hanges which might be an impediment to the conduct of your wedding.

Wedding insur

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ance typically covers postponement or rescheduling of the wedding against adverse

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

eather, no show of wedding vendors, no show of key personnel, damage to precious w

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

edding photos and loss of special items such as jewelry or documents.

The premium

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

is a one time fee and varies according to the depth of coverage needed.

Do note t

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

he fine prints on the limitations and exclusions of the policy. Make sure that you

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

are well aware of the things that you might not be able to claim.

What are the t

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ings that might go wrong and might be covered under the policy?

Cancellat

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ion or postponement of wedding due to bereavement or illness of the immediate fami

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

Loss of wedding jewelry.

No show of weddi

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ng vendors.

Damage to the wedding photographs.

Being

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

well prepared for the event is good and you could find yourself feeling a lot les

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

frustrated when things do go wrong.

Of course there is something that cannot be

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

covered under the wedding insurance policy, which is, the emotional disappointment

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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I Advice - Wedding Insurance – A Form of Protection

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